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It's useful to know the silver reserves of central
banks at one time in history. This is a FRB Bulletin from 1923. At one time,
say up until the early 1960s the US Treasury held as much as 4 BILLION
ounces, as I recall. Now, the Treasury is without any = ZERO! It cost
us every last ounce to try and stem the run on the dollar.

Nationalizing of mines is always a distinct possibility - maybe even a
likelihood - with socialist governments building empires by warring, so if
you're leveraged with miners, be CERTAIN to backup with suitable physicals,
such as bullion coins, "junk" pre-1964 US coins, circulated silver
dollars, but hold NO BARS!

Had our government not reneged on its promise of redeemability, today this silver certificate of 1923
would need to be stated as $32 to be redeemable in thirty-two silver
dollars!

Pause for a moment to think of all those who've lost their retirement
savings by saving paper instead of coin. Will yoube one of them?

All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it
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I'm pretty sure this isn't this article's reason, but one reason I feel that buying U.S. silver eagles (and junk silver) is probably the best, is because of all the recent silver counterfeiting. The Feds have historically gotten pretty mad when people try to counterfeit it's "money", even if it is in reality, just paper. So the same must apply for silver eagles? I have a mix of Eagles and generic rounds.......and even a few smaller bars. But with all the fake silver that's been flooding the market recently, I feel like there is a little bit of protection from the Feds when it comes to "Legal Tender", one dollar eagles. I may be completely wrong. Does anyone know if there would be anything to this?

As I understand it (hopefully someone can provide more details) the coins mentioned are minted by the government of the country they are issued in and as such carry a "dollar" value meaning they are money according to the same government. Now you would have to be a real fool to take a 1oz American Eagle gold coin and buy something that costs $50 with it but the point is the coin is considered legal tender just as a $50 bill is legal tender. Bars are exactly that, gold or silver bars not minted by a government to be used as legal tender. Not all coins, think of the Buffalo gold and silver coins, are legal tender.

I'm pretty sure this isn't this article's reason, but one reason I feel that buying U.S. silver eagles (and junk silver) is probably the best, is because of all the recent silver counterfeiting. The Feds have historically gotten pretty mad when people tr Read more